India to broaden e-rupee distribution beyond banks to boost retail use: RBI

The RBI has made the change to help lift transaction volumes for the retail CBDC, a source familiar with the pilot said. The process is still in the early stages and the third-party apps will have to seek the RBI’s approval to offer CBDC wallets, the source added. The source did not wish to be named as he was not authorised to speak with the media. The RBI did not immediately respond to an email seeking comment.